1. Home
  2. Business & Finance
  3. Investing for Beginners

9 Lessons You Can Learn from Roberto Goizueta

By , About.com Guide

8 of 10

Robert Goizueta Kept a Scientific Viewpoint

“Keep the scientist’s candor,” was one of the CEO’s classic tag lines. In essence, this was a way for him to protect against the error that Charlie Munger so often warns us about – twisting data to fit the end agenda that we want rather than letting the facts lead us where they logically would on their own. It means letting go of your preconceived notions, or as Munger puts its, being willing to destroy your own best ideas.

It is a failure to follow this Goizueta philosophy that leads people to throw good money after bad when an investment is going downhill and the intrinsic value has been damaged. It a failure of this principle that leads to religious extremism. Much of society's collective ills could be cured if a vast majority of men and women were capable of taking a scientific viewpoint on matters, with their success measured by performance. If you strive to experience good investment results and a high quality life, your chances are measurably improved by focusing on facts, then rationally analyzing them to determine how you can react in a way that will get you one step closer to your collective goals.

After all, how many people could have curled up and whined about losing all of their power, privilege, and wealth when a communist dictator took over their country? Instead, Robert Goizueta rolled up his sleeves, went to work, and within a few decades, had wrestled control of one of - if not the - most iconic brand in history, while simultaneously generating personal earnings in the billions of dollars throughout his career.

Explore Investing for Beginners
About.com Special Features

10 Things You Can Do Today to Improve Your Credit

Easy steps to take control of your credit card debt. More >

Year End Tax Planning

Discover financial planning opportunities with these three tips. More >

  1. Home
  2. Business & Finance
  3. Investing for Beginners
  4. Titans of Wealth
  5. Founders and Managers
  6. Robert Goizueta Kept a Scientific Viewpoint

©2010 About.com, a part of The New York Times Company.

All rights reserved.